Petrobras Increases Its Investment By Over 20 Billion Dollars For The Next 5 Years

Written by Renato Oliveira

Published on 12/06/2019 at 11:44

Aumento de investimentos e desinvestimentos na Petrobras

Be the first to react!

Portfolio Management, According to Statements from the President of Petrobras, Raises Investment Estimates for the 2019-2023 Period by Over US$ 20 Billion and Divestments by Over US$ 8 Billion

The president of Petrobras, Roberto Castello Branco, stated yesterday (06/11) that the company plans to invest US$ 105 billion in the next five years.
The amount represents an increase of US$ 20.9 billion compared to the US$ 84.1 billion disclosed last December in the 2019-2023 business plan, but divestments have also increased, according to the president, rising from US$ 26.9 billion to US$ 35 billion.

It is worth noting that in December of last year when the 2019-2023 Business Plan was released, the current president was not yet leading the company.
According to information from the company’s press office, the president of Petrobras referred to the change in values as “portfolio management”.

ARTICLE CONTINUES BELOW

The Increases

The 2019-2023 program was already exceeding the previous one by almost US$ 10 billion, with investments in the oil and gas exploration and production sector, the company’s priority, receiving the largest share.
“The best of Petrobras is deep and ultra-deep water oil exploration. Petrobras has highly qualified human capital; we have the best engineers and technology. The same cannot be said for mature oil fields, on land and in shallow waters,” declared Castello Branco.

Regarding divestments, the values have been revised, due to the decision of the Supreme Court that congressional approval will not be required for the sale of refineries.
The previous plan did not foresee selling the eight refineries in their entirety.

Petrobras signed a term yesterday (06/11) with CADE that provides equal conditions for all competitors in the purchase of refineries, aiming to prevent the formation of cartels in the sector.

Petrobras Increases Its Investment By Over 20 Billion Dollars For The Next 5 Years

Portfolio Management, According to Statements from the President of Petrobras, Raises Investment Estimates for the 2019-2023 Period by Over US$ 20 Billion and Divestments by Over US$ 8 Billion

The Increases

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

BYD prepares to bring intelligent driving technology to Brazil in 2027 and promises to equip cars sold in the country with features that assist drivers in driving, parking, and handling traffic more safely.

It’s not just a thermal sensation, it can be seen from space: the image captured by the Sentinel-3 satellite shows Europe engulfed by a historic heatwave, with records that scientists call unbelievable and that have already been linked to deaths in the United Kingdom.

The Brazilian state will send robots to the firefighters’ location in the most dangerous fires: Paraná has finalized in Europe the purchase of eight remotely controlled machines, capable of operating in refineries, tunnels, and burning forests without exposing military personnel to extreme risk.

The bill may become expensive for Brazilian slaughterhouses, with five plants suspended by China and the 2026 quota more than half expected, any shipment arriving late at Chinese ports may be surcharged by 55%, precisely when margins are already tight.

At the world’s largest particle accelerator, CERN physicists observed a particle behaving in a way that theory did not predict, the strongest indication so far of physics beyond what is currently known.

Petrobras Increases Its Investment By Over 20 Billion Dollars For The Next 5 Years

Portfolio Management, According to Statements from the President of Petrobras, Raises Investment Estimates for the 2019-2023 Period by Over US$ 20 Billion and Divestments by Over US$ 8 Billion

The Increases

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Water hyacinth that blocks boats, oxygen, and channels gains a new function as a lightweight construction panel, creating a sustainable alternative, reducing waste, and offering efficient thermal insulation.

More than 230 Brazilian companies move production to Paraguay, pay a tax rate close to 12%, compared to about 80% in Brazil, and use Mercosur to sell back to the domestic market without import tax.

Dredged material from navigation channels restores life to Poplar Island, reconstructs 1,715 acres of land, expands open water zones, and creates a refuge for hundreds of migratory and local bird species.

About 500 kilos of green stones with juvenile algae are spread in the ocean to regenerate underwater forests, reduce costs, and accelerate the restoration of marine habitats.

BYD prepares to bring intelligent driving technology to Brazil in 2027 and promises to equip cars sold in the country with features that assist drivers in driving, parking, and handling traffic more safely.

It’s not just a thermal sensation, it can be seen from space: the image captured by the Sentinel-3 satellite shows Europe engulfed by a historic heatwave, with records that scientists call unbelievable and that have already been linked to deaths in the United Kingdom.

The Brazilian state will send robots to the firefighters’ location in the most dangerous fires: Paraná has finalized in Europe the purchase of eight remotely controlled machines, capable of operating in refineries, tunnels, and burning forests without exposing military personnel to extreme risk.

The bill may become expensive for Brazilian slaughterhouses, with five plants suspended by China and the 2026 quota more than half expected, any shipment arriving late at Chinese ports may be surcharged by 55%, precisely when margins are already tight.

At the world’s largest particle accelerator, CERN physicists observed a particle behaving in a way that theory did not predict, the strongest indication so far of physics beyond what is currently known.